Builders FirstSource (NYSE:BLDR) Given New $150.00 Price Target at The Goldman Sachs Group

Builders FirstSource (NYSE:BLDR) had its price target raised by The Goldman Sachs Group from $146.00 to $150.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 16.50% from the company’s previous close.

Several other brokerages also recently commented on BLDR. DA Davidson lowered their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Wedbush reiterated a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Finally, Jefferies Financial Group downgraded Builders FirstSource from a “buy” rating to a “hold” rating and cut their price objective for the company from $138.00 to $110.00 in a report on Monday, December 15th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average target price of $133.87.

Builders FirstSource Price Performance

BLDR traded up $2.37 on Tuesday, hitting $128.75. 1,978,779 shares of the stock were exchanged, compared to its average volume of 2,234,573. The business has a 50-day moving average of $107.46 and a two-hundred day moving average of $121.85. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 15.17 and a beta of 1.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. Builders FirstSource has a 12 month low of $94.35 and a 12 month high of $175.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the business posted $3.07 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource will post 11.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Builders FirstSource

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its position in Builders FirstSource by 9.3% during the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the last quarter. Woodline Partners LP grew its stake in Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after acquiring an additional 2,812 shares during the period. Parallel Advisors LLC increased its holdings in shares of Builders FirstSource by 27.8% during the second quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock valued at $156,000 after acquiring an additional 290 shares in the last quarter. Czech National Bank lifted its holdings in shares of Builders FirstSource by 2.2% in the 2nd quarter. Czech National Bank now owns 27,013 shares of the company’s stock worth $3,152,000 after purchasing an additional 580 shares in the last quarter. Finally, Threadgill Financial LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at $3,620,000. 95.53% of the stock is owned by institutional investors.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.